Facebook CrytoCurrency coin Almost done

Sometimes last year, we hinted you that Facebook is building its own Cryptocurrency coin for WhatsApp. Well

Facebook, Telegram and Signal, are planning to roll out new cryptocurrencies over the next year that are meant to allow users to send money to contacts on their messaging systems, like a Venmo or PayPal that can move across international borders.

The most anticipated but secretive project is underway at
Facebook. The company is working on a coin that users of WhatsApp, which
Facebook owns, could send to friends and family instantly, said five people
briefed on the effort who spoke on the condition of anonymity because of
confidentiality agreements.

The Facebook has recently held conversations with
cryptocurrency exchanges about selling the Facebook coin to consumers, said
four people briefed on the negotiations.
Telegram, which has an
estimated 300 million users worldwide, is also working on a digital coin.
Signal, an encrypted messaging service that is popular among technologists and
privacy advocates, has its own coin in the works. And so do the biggest
messaging applications in South Korea and Japan, Kakao and Line.

The messaging companies have a reach that dwarfs the
backers of earlier cryptocurrencies. Facebook and Telegram can make the digital
wallets used for cryptocurrencies available, in an instant, to hundreds of
millions of users.

On the other hand, Telegram which is also working
on cryptocurrencies said to have sent letters to investors saying that it
was 90% done with the key components of the network that would house the Gram,
the name for its digital token.

Facebook and Telegram coin would make it easier to move money between countries.